Grandeur Peak Global Contrarian Fund

Data updated: 2023-09-28

C000214541 — Grandeur Peak Global Contrarian Fund. Emerging Markets Value Equity · $134.01M AUM. Holdings, fees, performance and SEC filings.

C000214541 Fund Overview

Grandeur Peak Global Contrarian Fund is a US mutual fund managed by Financial Investors Trust, categorised as Emerging Markets Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: Financial Investors Trust
Category: Emerging Markets Value Equity
Assets under management: $134.01M
1-year return: 11.8%
SEC CIK: 0000915802
SEC series ID: S000066520
Share class ID: C000214541

C000214541 Investment Objective and Strategy

Grandeur Peak Global Contrarian Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Financial Investors Trust.

Investment objective

The Funds investment objective is long-term growth of capital.

Principal investment strategy

The Fund invests primarily in foreign and domestic small- and micro-cap companies. Under normal market conditions, the Adviser will invest the Funds assets primarily in equity securities (including common stock, preferred stock, and securities convertible into common stock) of foreign and domestic companies with market capitalizations of less than $5 billion at the time of purchase. The Fund will invest a significant portion of its total assets (at least 40% under normal market conditions) at the time of purchase in securities issued by companies that are economically tied to multiple countries outside the United States. The Adviser considers a company to be economically tied to a country if at least one of the following attributes exists: the company (1) is organized in such country, (2) is headquartered in such country, (3) has its primary stock exchange listing in a market located in such country, or (4) during the companys most recent fiscal year, derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in such country or has at least 50% of its assets in such country.

The Fund may invest a significant amount of its total assets (up to 50% under normal market conditions) at the time of purchase in securities issued by companies that are economically tied to emerging and frontier markets. Emerging and frontier markets are those countries currently excluded from the MSCI World Index of developed markets. The Adviser uses a process of quantitative screening of the financial trends and health of each company in its investment universe, followed by bottom up fundamental analysis to identify value-based investment opportunities. This fundamental analysis generally includes a study of the companys financial performance, its management, its competitors, its industry, its competitive advantage, its approach to environmental, social, and governance (ESG) topics, the geographic region(s) to which it is economically tied, and talking with the management team.

In performing such analysis, the Adviser seeks to evaluate each companys long-term potential. The Adviser also travels on an as-needed basis to visit companies, when it is considered safe to do so, and expects to speak directly with senior management. The ESG criteria described above are collectively one of many factors that the Adviser uses as part of its fundamental analysis of a company. In analyzing a companys approach to these ESG criteria, the Adviser assesses a number of factors through a proprietary analytical framework. This analysis may include factors that the Adviser believes are relevant, such as: local economic development priorities, shareholder rights, management oversight and transparency, board membership and structure, accounting standards, environmental policies, social justice policies, and labor relations.

These factors are assessed quantitatively and qualitatively, as applicable, through the Advisers research and engagement process. The Adviser incorporates the results of this analysis into its overall decision-making but does not specifically include or exclude a particular company solely based on the Advisers assessment of that companys ESG factors. The Adviser generally applies this ESG analysis to companies in which the Fund invests, but not to the cash or cash equivalent positions in the Funds portfolio. Because incorporating ESG considerations into the investment research process involves qualitative and subjective analysis, there can be no assurance that the methodology utilized by, or determinations made by, the Adviser will align with the beliefs or values of a particular investor, and other managers may make a different assessment of a companys ESG criteria.

The Fund primarily invests in companies which the Adviser believes are trading at particularly attractive valuations relative to their long-term potential. The companies will typically fall into one of these categories at the time or purchase: ? Core Contrarianwhat the Adviser believes to be best-in-class growth companies, but which are part of a currently out-of-favor industry, sector, or geography. ? Fallen Angelshigh quality growth companies that the Adviser believes have hit a temporary setback relative to their long-term growth potential. ? Undiscovered Gemssmaller growth companies that the Adviser believes are undervalued because they are lesser known, have high product or client concentration, or are otherwise not well understood yet by the market. The Fund may also invest in companies that do not fit into one of these three categories, but which the Adviser believes are trading at attractive valuations with potential returns consistent with the objective of the Fund.

The Fund may invest in early-stage companies and Initial Public Offerings (IPOs). The Adviser invests in what it believes to be the most attractive investments available without regard to benchmark weightings in regions, countries, or industries. The Adviser may significantly shift Fund assets between asset classes, sectors and geographic regions based on where it believes the best long-term opportunities and valuations currently exist. The Fund may invest a significant percentage of its assets in a few sectors or regions.

C000214541 Performance

Total returns for C000214541 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	11.8%
3 years (annualised)	16.1%

C000214541 Risk Information

Risk metrics for C000214541, derived from monthly returns in SEC filings.

1-year volatility (annualised): 19.6%

C000214541 Costs and Fees

C000214541 costs about $135 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.35%
Gross expense ratio: 1.35%
Portfolio turnover: 81%
Brokerage commissions: 20.99 bps of average net assets (SEC N-CEN)

C000214541 Cashflows

Over the 12 months to 2023-07, Grandeur Peak Global Contrarian Fund had net inflows of $19.02M, from monthly SEC N-PORT filings.

Month	Net flow
2023-07	$704.59K
2023-06	$1.74M
2023-05	$2.27M
2023-04	−$50.02K
2023-03	$6.77M
2023-02	$3.79M

C000214541 Debt Constituents

No individual debt constituents are reported in Grandeur Peak Global Contrarian Fund's latest SEC N-PORT filing.

C000214541 Prospectus and SEC Filings

Official Grandeur Peak Global Contrarian Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Emerging Markets Value Equity funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.